2 Financial Stocks to Rotate Into as Tech Rally Stalls

investing.com:

As the tech rally stalls after its monumental surge and investors reassess their portfolios in light of shifting market dynamics, financial stocks are emerging as attractive alternatives.

With 'Strong Buy' ratings from analysts and solid upside potential ahead, Apollo Global Management (NYSE:APO), and KKR & Co. (NYSE:KKR) offer attractive prospects for long-term growth as concerns over inflation resurface and investors rotate out of the tech sector.

Using the power of InvestingPro, available now for less than $9 a month, let's delve into what makes these two stocks stand out and why analysts are bullish on their prospects.

Apollo Global Management is a leading global alternative investment manager with a diverse portfolio of investments across private equity, credit, and real estate.

Shares of the New York-based private equity firm have been on a major uptrend since the start of the year, gaining about 18% so far in 2024.

Source: Investing.com

As global markets continue to evolve, Apollo's proven track record of successful investments and a disciplined approach to capital allocation positions it well for continued outperformance in the months ahead.

As per InvestingPro data, analysts have assigned Apollo Global Management a 'Strong Buy' rating, citing several factors that could drive the stock higher. These include the company's strong investment performance, robust fundraising activities, and a favorable outlook for its various investment strategies.

In addition, Apollo's focus on operational improvement and value creation within its proactive portfolio management approach bodes well for future earnings and sales growth.

ProTips Headwinds: As ProTips points out, Apollo is in solid financial health condition, thanks to